Economics - Gavin Flashcards
1
Q
What is the money that someone earns?
A
Income
2
Q
What is a building where people produce good?
A
Factory
3
Q
What are jobs that people do to help others?
A
Service
4
Q
What is it called when we buy, sell, or exchange?
A
Trade
5
Q
Trains and trucks are a means of ____________.
A
Transportation
6
Q
In some places, there is a sales _________ on goods you buy.
A
tax
7
Q
Name 3 natural resources?
A
- water 2. coal 3. wood
8
Q
Name 2 human resources?
A
Police and teachers
9
Q
Name 2 capital resources?
A
Hammers and trucks
10
Q
Name 3 needs?
A
Shoes, home, food
11
Q
Name 3 wants?
A
pet, car, rug
12
Q
Write the names of three service workers.
A
Doctor, builders, teachers
13
Q
What are two things people can do with their income?
A
Buy goods and save
